France: Renault stocks tumbling the following sensor raids emissions
Renault, in full National Authority automobile Renault MAJOR plants and motor carrier French manufacturer controlled by the French government, it is the largest manufacturer in the country and automotive headquarters vehicle exporter in Boulogne-Billancourt.
The original company, Renault Brothers Brothers, was founded by Louis Renault and his brothers Marcel and Fernand after the young engineer had built its first minicar at home This first model integrated direct transmission and a new car The company received its first orders in 1899 and quickly became a leader in the car industry built by the first Renault brothers won many prestigious racing competitions.
In 1905, the company introduced the first of two best-selling models have been widely used as TAXIS These cars have become famous during World War II when 600 Parisian taxis were used to transport soldiers to the First Battle of the Marne Renault also contributed to the war effort by producing shells, aircraft engines and light tanks After the war, the company continued to expand its plants and its product range, which includes buses, trucks and tractors at the beginning of World war II, however, the plants were put under German control, and many were heavily damaged by allied bombing When Paris was liberated in 1944, facilities that were not destroyed were confiscated by the French government, which has established in 1945 the national Board of the Renault factories controlled by the state e ompany then emphasized the production of popular, inexpensive family cars like the 4CV.
In 1979, Renault signed an agreement with American Motors Corporation who called for AMC dealers selling Renault cars in the United States, while Renault will market the AMC cars in Europe a year later Renault became the main shareholder AMC However in 1987, Renault announced would withdraw the US auto market, and the company made a buyout agreement with Chrysler Corporation acquired the Renault subsidiary heavy truck Citroën Berliet million in 1974 and 1983 held a control in Mack Trucks Inc. in the United States.
In 1994 the French government semiprivatized Renault, selling shares until it has retained only 50 percent participation in the company 1.
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